Living in Elk Ridge, Utah
Cost of living, income, home prices, rent and demographics of Elk Ridge · Census data 2020–2024
Elk Ridge has 4,898 residents with a median age of 32. The median household income is $143,167 (50% higher than the Utah median), the median home value is $614,800.
Elk Ridge at a glance
- Population
- 4,898
- Median age
- 32State: 32
- Median household income
- $143,167State: $95,166
- Median home value
- $614,800State: $489,400
- Homeowners
- 98.7%
- Bachelor's degree or higher
- 38.7%
- Average commute
- 26 min
Is Elk Ridge a good place to live?
Pros: Median household income 50% higher than the Utah median; a poverty rate of 1.9%.
Cons: Home values 26% higher than the state median; an average commute of 26 minutes; unemployment of 4.1%.
The weather is best in June to September.
Cost of living in Elk Ridge
Housing is the biggest part of the cost of living. In Elk Ridge the median home value is $614,800, 85% higher than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $2,426 a month in housing costs.
Elk Ridge median household income
The median household income in Elk Ridge is $143,167 and the income per person is $37,885. 1.9% of residents live below the poverty line (Utah: 8.5%).
Housing in Elk Ridge: homes for sale and rent
- Housing units
- 1,359
- Owner-occupied
- 98.7%
- Renter-occupied
- 1.3%
- Vacant
- 2.6%Includes seasonal homes
- Median year built
- 2012
- Average household size
- 3.69
Elk Ridge demographics
- Population
- 4,898
- Median age
- 32
- Under 18
- 38.5%
- 65 and older
- 10.9%
- Households
- 1,324
- Foreign-born
- 1.1%
- Veterans
- 4.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Elk Ridge ›
Education in Elk Ridge
38.7% of adults 25 and older in Elk Ridge have a bachelor's degree or higher (Utah: 37.7%), and 12.9% have a graduate or professional degree.
Jobs and commute in Elk Ridge
- Unemployment rate
- 4.1%State: 3.6%
- Average commute
- 26 minState: 22 min
- Work from home
- 22.2%
- Drive alone
- 68.4%
- Public transit
- 0.3%
- Walk to work
- 0.4%
- Homes with broadband
- 97.7%
Elk Ridge vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Elk Ridge | 4,898 | $143,167 | $614,800 | — |
| Woodland Hills | 1,559 | $151,964 | $812,500 | $1,750 |
| Salem | 10,324 | $111,117 | $605,700 | $1,592 |
| Payson | 23,039 | $89,905 | $429,600 | $1,549 |
| Spring Lake | 657 | $94,936 | $554,900 | — |
| West Mountain | 1,282 | $111,791 | $658,100 | — |
| Benjamin | 864 | $69,632 | $687,500 | $1,401 |
| Santaquin | 16,436 | $99,837 | $465,100 | $1,397 |
| Spanish Fork | 44,946 | $104,844 | $481,500 | $1,489 |
More for people moving to Elk Ridge
Elk Ridge ZIP code ›Weather and climate ›Living in Elk Ridge: FAQ
What is the median household income in Elk Ridge, UT?
The median household income in Elk Ridge is $143,167, 50% higher than the Utah median of $95,166 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Elk Ridge?
The median home value in Elk Ridge is $614,800, compared with $489,400 in Utah.
Is Elk Ridge, UT a good place to live?
Pluses: median household income 50% higher than the Utah median; a poverty rate of 1.9%. Minuses: home values 26% higher than the state median; an average commute of 26 minutes; unemployment of 4.1%.
What is the median age in Elk Ridge?
The median age in Elk Ridge is 32 years (Utah: 32).
How long is the commute in Elk Ridge?
The average commute to work in Elk Ridge is 26 minutes; 22.2% of workers work from home.
What is the unemployment rate in Elk Ridge?
The unemployment rate in Elk Ridge is 4.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Elk Ridge?
38.7% of adults in Elk Ridge have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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